Wednesday, January 11, 2017

Cool Thing in Singapore: Leftover Coin Deposit Machine Traveler's Box

I found this cool machine in Changi Airport one day once I landed from weekend trip. It was located near the toilet entrance which I went to. While waiting for my sister I was curious reading the banner on the machine's body and checked out a bit what was the new machine for.

Traveler's Box, leftover coin deposit machine

The machine, Traveler's Box appeared to be deposit machine for foreign currency leftover coins (it does accept Singapore dollars). This machine will actually exchange based on its exchange rate (I have no idea whether the rate is good) and deposit your coins to your chosen partner's account. The partner's choice are from Amazon, PayPal, Apple iTunes, Skype, Starbucks, Facebook, Grab, etc.

This is such a great idea and helpful for frequent travelers to get rid the coins from their travelling. When you don't have much leftover it's difficult to exchange back to your local currency as banks or money changer don't accept small amount.

Based on the information I got, Traveler's Box is developed by three US based founders and have been installed at some other airports around the world. Currently Traveler's Box charging 3-10 percent processing fee but aiming to push the fee to partners in the future.